The correct response is a balance sheet.
A balance sheet provides a snapshot of a company's financial position at a specific point in time, detailing its assets, liabilities, and equity. This allows for the determination of the firm's overall worth.
Which type of financial statement would be used to establish how much a firm is worth overall?
(1 point)
Responses
a profit-and-loss statement
a profit-and-loss statement
a balance sheet
a balance sheet
a cash-flow statement
a cash-flow statement
an income statement
1 answer